<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 10-QSB/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES ACT OF 1934
For the Quarter Ended May 31, 1996
Commission File Number 0-22382
SECTOR COMMUNICATIONS, INC.
(Name of small business issuer in its charter)
Nevada 56-1051491
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
7601 Lewinsville Road, Suite 250, McLean, VA 22102
Address of principal executive offices
(703) 761-1500
Issuer's Telephone Number
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes x No
----- -----
As of May 31, 1996 there were outstanding 25,638,540 shares of the Company's
Common Stock. As described in Note 4 to the financial statements, effective June
18, 1996, the Company reverse split it's Common Stock 5.909635 shares for each
share outstanding on that date and immediately after the reverse stock split
issued a stock dividend of 1.25 shares for each post-split share. The impact of
these equity transactions on the outstanding number of shares of Common Stock at
May 31, 1996 was to reduce that number by approximately 15,877,072 shares to
9,761,468 shares. All amounts per share, numbers of common shares and capital
accounts in this Form 10-QSB have not been restated to give retroactive effect
to the reverse stock split and stock dividend.
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PART II
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
Exhibit
Number Description
------- ----------------------------------------------
10.1 Amendment No. 2 to the Global Communications
Group, Inc. Stock Purchase and Exchange
Agreement
10.2 DBE Definitive Investment and Option to
Merger Agreement
27 Financial Data Schedule
(b) Reports on Form 8-K:
On July 3, 1996, an Item 1 and 2 Form 8-K was filed by the Company
related to the acquisition of 100% of the outstanding capital
stock of Global Communications Group, Inc. by the Company.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
September 25, 1996
--------------------------------
Theodore Georgelas
President and
Chief Executive Officer
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<FISCAL-YEAR-END> FEB-28-1996
<PERIOD-START> MAR-01-1996
<PERIOD-END> MAY-31-1996
<CASH> 62,022
<SECURITIES> 443,425
<RECEIVABLES> 0
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<PP&E> 101,441
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0
0
<COMMON> 25,639
<OTHER-SE> 0
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<SALES> 0
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<CGS> 0
<TOTAL-COSTS> 253,859
<OTHER-EXPENSES> 0
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<INTEREST-EXPENSE> 643
<INCOME-PRETAX> 0
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<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (247,563)
<EPS-PRIMARY> (0.01)
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